Single-Family, Multi-Family Starts Flourished In November
U.S. housing starts increased a whopping 11.8% in November over October to a seasonally adjusted annual rate of 1.679 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. It’s also 8.3% above November 2020.
Single-family starts were at a rate of 1.173 million, 11.3% higher than October, while multi-family starts (five units or more) were 491,000, up 12.1% over October.
U.S. housing starts had consecutive declines the previous two months. The total starts number of 1.679 million and single-family of 1.173 million were both the second highest monthly adjusted annual numbers of 2021, while multi-family November of 491,000 was the highest monthly adjusted annual rate in 2021.
Housing building permits were at a seasonally adjusted rate of 1.712 million, 3.6% above October, including 1.103 single-family, up 2.7%, and 560,000 multi-family, up 6.1%.
RELATED ARTICLES
Single-Family Housing Has Narrow Drop, Multi-Family Rises, Permits Looking Good
Housing Starts Show Modest Decline In September
Multi-Family Leads Way In U.S. Housing Jump
Housing Starts Dip, Permits Still Gain
Housing Starts Gain Steam, Though Permits Show Slight Decline
Housing Starts Increase In May, Far Ahead Of One Year Ago
Single-Family Starts Dip, But Multi-Family Ticks Upward
U.S. Housing Starts Hit A High Note
U.S. Housing Dips Again in February; Pandemic Started Hitting Home A Year Ago
Housing Starts Jump Out Of Gate Slowly, But Building Permits Looking Good
Housing Starts Finish Year With A Bang
U.S. Housing Starts Continue Upward
U.S. Single-Family Starts Jump for Sixth Month In Row
Single-Family Housing Starts Rise Again
Single-Family Housing Starts Go Up
U.S. Housing Starts Show Big Increase
Latest News
First CLT Office Opens In DC
Opened in fall 2022, the first mass timber commercial building in the U.S. capital city features more than 108,000 sq. ft. of mass timber. The building is an innovative retrofit at 80 M Street SE in Washington, DC: Termed an overbuild—extra stories atop an existing building—the expansion features three floors, where columns of mass timber are visible from the interior…
Teaching Old Dogs New Tricks
Article by Jessica Johnson, Senior Editor, Timber Processing November 2022 – I very clearly remember a dinner I had with one of my favorite engineers from the West Coast after a day on the sawmill show floor many, many years ago. After a few cocktails (don’t all stories get good once you hear…
SFPA Elects 2022-23 Officers
The Southern Forest Products Assn. (SFPA) elected its new officers during the board of directors session at the association’s annual meeting October 21, 2022, in Nashville. The 2022-23 SFPA officers are Chairman of the Board, Mark Richardson, The Westervelt Co.; Vice Chairman of the…
Weyco, Union Reach Contract Agreement
In late October, after a 48-day strike, Weyerhaeuser reported the successful resolution of a work stoppage involving members of the International Assn. of Machinists and Aerospace Workers union in Oregon and Washington. Weyerhaeuser has approximately 1,200 employees who are members of…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.